Neurowyzr, a healthtech firm in India specialising in mind well being, has raised US$2.1 million in an “oversubscribed” seed financing spherical.
Jungle Ventures and Peak XV’s (previously Sequoia India and Southeast Asia) Surge led the spherical. Angels, reminiscent of Khoo Boon Hui, Chairman of SDAX; Ab Gaur, Founder and CEO of Verticurl; and Rob F Jablonski, Business Funding Director of Aquivia; additionally joined.
This spherical brings the overall quantity raised by Neurowyzr to US$3.3 million.
The healthtech startup will use the capital to speed up product improvement and growth throughout Southeast Asia and India.
The corporate, which has its India headquarters in Chennai, plans to develop its gross sales, advertising and marketing and software program improvement groups. Additionally it is actively constructing a community of medical and software program distribution companions throughout India.
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Based in 2019 by Nav Vij and Pang Sze Yunn, Neurowyzr develops options to handle present gaps in neurology and mind well being. Its first product is an internet gamified digital neuroscience evaluation referred to as the Digital Mind Perform Display screen (DBFS), which it claims considerably reduces the time and greenback burden of conventional cognitive testing.
One in every of India’s largest non-public hospital chains not too long ago accomplished a pilot of the DBFS throughout 5 places. DBFS has been deployed in Singapore’s well being screening centres, GP clinics, neighborhood care and specialist centres.
Healthcare suppliers use DBFS in government well being screening, well being screening for lively agers, Lengthy Covid evaluation packages, and likewise as a standalone service.
Dementia and psychological well being circumstances are rising at an alarming fee. In 2019, 3.84 million folks had been recognized with dementia. By 2050, this can improve virtually 3x.
Stroke is the fourth main explanation for dying and the fifth main explanation for disability-adjusted life years in India, the place one Indian suffers a mind stroke each 20 seconds. With greater than 80 per cent of Indian staff reporting a couple of psychological well being symptom, psychological well being points are costing Indian companies US$14 billion yearly in absenteeism, presenteeism and workers turnover.
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